Archived
Well Established Transmission Repair Centre
London, City of London
- Asking Price: £280,000 +SAV
-
Turnover:
An advised turnover of circa £300,000 with a fantastic net of around £80,000
Please quote reference B05145
- Tenure: Leasehold
Please quote reference B05145
Hilton Smythe welcomes to the market this very well-established automatic transmission repair business offering an easily accessible location within a large building, and with a workshop.
Mister Transmission are the premier automatic transmission repair company in London and the South East. The business repairs and reconditions all makes of automatic gearboxes and transmissions.
A huge opportunity for expansion as our client is currently only working on automatics, the right person can easily expand into also doing manual gearboxes, plus general motor repairs and services, MOT's etc.
Another big opportunity would be to expand into the hybrid sector with high profit margins
Hilton Smythe highly advise early viewing to avoid disappointment.
The business is currently run and managed by our client with the help of 4 members of staff.
Monday to Friday - 8:30am–5pm
Saturday - 9am–1pm
Sunday - Closed
Greenwich, South East London
Close to Blackwall Tunnel
City of London
Ground floor workshop and reception and office upstairs
Equipment on request
Tenure
We are advised the business is being sold as a Leasehold.
New Lease.
Rent: £75,000 per annum.
Business Rates: to be confirmed
Service charge: to be confirmed
Flexibility of landlord to renew
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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